Business &amp; Accountancy Daily

Business Tax

Tax Compliance

Image for cooper parry targets growth after private equity boost

Business | Cooper Parry targets growth after private equity boost

Accountancy firm Cooper Parry LLP has secured substantial investment from Waterland Private Equity to drive an ambitious acquisition programme

4 Jul 2022

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Finance | CPD module: accounting for cryptocurrencies

In this month’s exclusive Accountancy Daily CPD module we consider the key issues to consider when accounting for cryptocurrency, from accounting standard selection to valuations

4 Jul 2022

Finance

Accounting Standards

Financial Reporting

Image for online beauty business fraudulently claimed ps50k covid loan

Business | Online beauty business fraudulently claimed £50k covid loan

An online hair and beauty business director wrongly claimed a £50,000 bounce back loan when his company had ceased trading

4 Jul 2022

Called to Account

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Business | Xeinadin acquires accountants Bostockwhite

Xeinadin Group has acquired Bostockwhite Ltd, a specialist accounting firm based in Nottingham

4 Jul 2022

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Business | 179 directors banned for Covid-related fraud

Regulators are cracking down on individuals who have abused Covid-related support schemes with 179 company directors banned by the Insolvency Service, but only one jailed

4 Jul 2022

Companies

Called to Account

Image for accountants eyre co secure ps140k investment

Business | Accountants Eyre & Co secure £140k investment

Accountancy firm Eyre & Co focuses on growth plan following cash injection from Reward Finance Group

4 Jul 2022

Image for ey appoints record 120 equity partners

Business | EY appoints record 120 equity partners

EY has continued to expand its UK partnership with the promotion of 75 equity partners and 45 external hires, its largest ever cohort of equity partners in the UK

4 Jul 2022

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Tax | Tax reliefs for SMEs should be extended, says AAT

Small businesses need more support from the government to achieve their responsible business goals and meet net zero, says AAT

4 Jul 2022

Business Tax

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Business | FTSE 100 women directors paid 74% less than men

Pay for FTSE 100 women directors is on average 74% less than their male counterparts, far worse than pay disparity across the wider workforce

4 Jul 2022

Companies

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Tax | John Swinney to cover Scottish finance minister role

The Scottish government has confirmed that deputy first minister John Swinney will take on responsibility for the finance and economy portfolio when cabinet secretary Kate Forbes starts her maternity leave in July

4 Jul 2022

Politics

Finance | Legal updates: July 2022

In this month’s roundup of legal news, Sophie Brookes and Debbie Shaw, Gateley Legal, consider share sales in private equity backed company, share purchase agreements and listings rules

1 Jul 2022

Finance

Law and Regulation

Tax | VAT updates: July 2022

In this month’s roundup of VAT developments, Graham Elliott examines the insurance intermediation ruling in Staysure and TOGC and property development in Haymarket Media Group

1 Jul 2022

VAT

Case Reports

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Tax | HMRC investigates tax evaders over Puerto Rico bank links

HMRC is working with Puerto Rico authorities to investigate hundreds of UK taxpayers who used the Euro Pacific Bank to evade UK taxes

1 Jul 2022

HR | FRC addresses shortage of local audit staff

The Financial Reporting Council (FRC) has set out the professional training requirements for local sector auditors to expand opportunities for new auditors to address current staff shortages

1 Jul 2022

Auditing

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HR | People in the news: BDO, Blick Rothenberg, EY, Kreston Reeves

In this week’s accountancy career moves, partner promotions at BDO, Blick Rothenberg and EY, plus promotions at PKF Smith Cooper and ESG interns at PwC

1 Jul 2022

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Tax | Business expenses and tax breaks confuse self employed

One of the biggest problems for self employed taxpayers relates to confusion over allowable business expenses when completing self assessment returns

1 Jul 2022

Tax | Filing deadlines: July - September 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for P11Ds and P11D(b) for 2021-22, VAT returns under mandatory MTD

1 Jul 2022

Tax Compliance

Tax Planning

Image for restaurant owner banned over ineligible ps43k covid loans

Business | Restaurant owner banned over ineligible £43k covid loans

Owner of Indian restaurant in Cardiff went bankrupt after spending most of £43,000 covid-19 financial support on drinking and gambling

1 Jul 2022

Called to Account

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Business | ICAEW offers sustainability service for accountants

ICAEW has signed a partnership with sustainability specialists SaveMoneyCutCarbon to assist accountants with achieving sustainability goals at work

1 Jul 2022

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Finance | Charity trustees: achieving good financial governance

Judith Miller, partner at Sayer Vincent, looks at some of the challenges facing charities around good financial governance, the ingredients of effective governance and tips on better engaging trustees with the finances

30 Jun 2022

Charities

Image for hmrc opens birmingham regional centre

Tax | HMRC opens Birmingham Regional Centre

The latest regional hub for HMRC has opened in central Birmingham, bringing the number of new offices to 14, replacing over 150 smaller regional offices

30 Jun 2022

HMRC

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Tax | Higher rate taxpayers to hit record 5.5m

The number of higher rate tax payers is set to increase by 4.1% in 2022-23 with 5.5m individuals expected to pay the 40% rate

30 Jun 2022

Personal Tax

Politics

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| NAO plans recruitment drive to audit covid spending

The National Audit Office (NAO) plans to hire over 100 additional staff to support extra activity required to audit additional spending by government departments during the covid pandemic

30 Jun 2022

Tax | HMRC dashboard flags scale of backlog handling enquiries

HMRC has launched a dashboard providing information about the time it is taking to deal with enquiries and settle tax repayments, with delays of up to nine months in some instances

30 Jun 2022

HMRC

Tax Compliance

Tax | Taxpayers call for single point of contact at HMRC

Taxpayers want easy access to information about taxes in a clear and understandable format, with critical information located in a single HMRC customer hub rather than scattered around the gov.uk site

30 Jun 2022

Personal Tax

HMRC

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Business | Businesses targeted by fraudsters to access payments

A total of £1.3bn was stolen through fraud and scams in 2021 with nearly half down to authorised push payment (APP) fraud at £583.2m, while instances of CEO fraud soared

30 Jun 2022

Companies